According to the Post, AIG is working with investment bank JPMorgan Chase to arrange the structure of the company.
AIG did not make any immediate comment.
AIG Looking into Forming New Company to Park Risky Assets
The New York Post reported today that insurance behemoth American International Group Inc. (AIG) is considering forming a separate company to hold risky credit assets that have caused the carrier record losses in the past three quarters.
Published on September 4, 2008
Are you retail Agent Looking for a Quote?